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Macroprudential Regulation and Policy for the Islamic Financial Industry : Theory and Applications / edited by Muhamed Zulkhibri, Abdul Ghafar Ismail, Sutan Emir Hidayat

Publisher (Cham : Springer International Publishing : Imprint: Springer)
Year 2016
Edition 1st ed. 2016.
Authors Zulkhibri, Muhamed editor
Ismail, Abdul Ghafar editor
Hidayat, Sutan Emir editor
SpringerLink (Online service)

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OB00175304 Springer Economics and Finance eBooks (電子ブック) 9783319304458

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Material Type E-Book
Media type 機械可読データファイル
Size XII, 272 p. 34 illus., 32 illus. in color : online resource
Notes Part I. Institutional Framework for Macroprudential in Islamic Banking System -- 1. Macroprudential Policy and Regulation in A Dual Banking System: An Exploratory Perspective -- 2. Doctrinal Challenge for Islamic Banking on Macroprudential Regulations: A Religion-Regulation Mismatch 2.0 -- 3. Conceptual Proposal for Future Macroprudential Framework under Dual Financial System in Indonesia -- Part II. Macroprudential Policy, Systemic Risks and Financial Stability in Islamic Financial Industry -- 4. Risk Management Methodologies: An Empirical Macro-prudential Approach for a Resilient Regulatory Framework for the Islamic Finance Industry -- 5. Competitive Condition and Market Power of Islamic and Commercial Conventional Banks in Indonesia -- 6. Early Warning Indicators and Macroprudential Policy Tools -- 7. A Proposed Formula for Reserve Requirement–Financing to Deposit Ratio: The Case of Islamic Banking in Indonesia -- 8. Testing of the Procyclicality of Islamic and Conventional Banks in Indonesia -- 9. Short-Term Liquidity Management Mechanisms in the Absence of Islamic Interbank Loan Markets -- Part III. Experiences in Implementing Macroprudential Policy in a Dual Banking System -- 10. Macroprudential Analysis of Financial Crisis Impacts on Banks’ Soundness: Evidence from Pakistan -- 11. Regulatory Framework for Islamic Finance: Malaysia’s Initiative -- 12. Islamic Finance and Macroprudential Policy: The Case of Iranian Banking System -- Part IV. Interplay between Macroprudential Policy with Other Markets -- 13. Indonesia Shari’ah Compliance Stock Index Responses towards Macroprudential and Monetary Policy of Indonesia Central Bank -- 14. Socio-Economic Development and its Effect on Performance of Islamic Banks: Dynamic Panel Approaches -- 15. Macroprudential Tools and Its Relationship with Monetary Policy Tools
This volume aims to discuss the current research, theory, methodology and applications of macropreudential regulation and policy for the Islamic financial industry. Published in cooperation with the Islamic Research and Training Institute (IRTI), this book features contributions from a workshop presented in collaboration with the University College of Bahrain (UCB) in Manama, Bahrain, aimed to bring together experts in Islamic banking and regulation and financial economics. This resulting book sheds light on how macroprudential policy may be implemented in the Islamic financial system, and indicates current challenges and their effects on economic growth, financial stability and monetary regulation. Macroprudential policy is increasingly seen as a way of dealing with the different dimensions of systemic risk. But many central banks, bank supervisors and regulators have limited experience with macroprudential tools, particularly in the Islamic financial industry. Given the complementarities between monetary policy and financial stability, it appears that central banks would always play an important role in macroprudential policy. But how should macroprudential policy best interact with monetary policy? It is becoming more pressing for the central banks to conduct monetary policy in which its conventional banking system operates side by side with Islamic banking system. This question has received increasing attention in the research literature but there is much we still need to learn. This is why new insights from research on macroprudential policy – which has gained important impetus in recent years – are so valuable. Featuring contributions on topics such as macroprudential regulation, policy, tools and instruments; governance, systematic risk, monetary policy, and bank leverage, the editors provide a collection of comprehensive research covering the most important issues on macroprudential policy and regulation for the Islamic financial industry. This volume is expected to be a significant contribution to the literature in the field of Islamic finance and evaluation of public policies to promote the development for Islamic financial industry. It is also served as a key text for students, academics, researchers, policy-makers in the field of Islamic finance
HTTP:URL=https://doi.org/10.1007/978-3-319-30445-8
Subjects LCSH:Macroeconomics
LCSH:International economic integration
LCSH:Globalization
LCSH:Finance, Public
LCSH:Financial risk management
FREE:Macroeconomics and Monetary Economics
FREE:Emerging Markets and Globalization
FREE:Public Economics
FREE:Risk Management
Classification LCC:HB172.5
DC23:339
ID 8000059789
ISBN 9783319304458

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